New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-11-29

Eleven more railroads to-day reported their gross
earnings the third week IN November giving an as
cre.ate OF 1897 $50 against s752.s37 IN tho week Of
1ss6a gain of sl4l.7Os or 10 % per cent The days
reports make the reporting sAd for the third week UP
toferty-one companies giving aggregates s5iiol
AGAINST sosl3Oyl for thu OF ls>6-a gam
OF s6O3 O9 or 20 50 per cent Comment Ia unnccssAry
Nevertheless tOdays stock market not only iAlieu 10
respond 10 the phenomenal railroad earaH%s pht wont
the way It might have been expected 10 20 Il mo Po'
centage OF gain shown had been loss. Inc "b'ars
were the principal sellers Of stocks OF course thsy
dragged behind them salos OF e long stocks hsld ~
traders and by Spectator. with small margins But the
declines recorded simply and plrcy the elect 81
bear raid. to which the leading speculative pn's'
who for a week have been talking reaction, snsfcd no
resistance If dd sOt uay aid Inc neNemoht inc
sply talk which attempted 20 account for the decline
other than OF purely local speculative reasons was
"lo0s at your money market" That was when needy
" lears" without securities biddin: ana per
ce nj for money II wOad be no great hardship II Tor mo
remainder Of the call loans should rule al 81 Per
coat; viii DO unusual season they 10 not 'I" ~
per cent And IL will not be favorable indcanoh Of
the business situation II they do not rule al that mn
rate But there will be psay Of Insney at the rates
There exists wild spccu~ atoms ther IN securities
or commodities to dcain the money markets and to
cause timidity tie part OF lenders 80
that they will rctnse 10 lend at any
rates To-day. although At one time per cent was Did
in the stock Exchange ary broker IL eoou Viou'' 81"
with proper margins. could supply all ais wants at ana
later at per cent There Is and there WILDE no scarcity
OF money Naturally banks aud other Institutions ana
bankers advantage the seaSsn 10 exact fnl ras
a, the trunk lines always advance their rates on tho
closing OF inland navigation. But there Will DO an
abundant supply. Richmond and West Point, nor any
other OF the wild eats the special feature o. u" STOCK
market now. Neither an! Of thon selling at 'nch
unreasonable ng.ccs 10 furnish tne amount
vita which lar.e attack may DO maze
ON the whole market done on December - last
year Tho days transactions Amounted 10 J'V,oop
shares. To common saying; TIL about sciscH
everybody was selling stock yst there must nave ho"h
purchasers FOR all tho stocks sod, II ono co sec
them After 2 o'clock the buying became EoTo con
spleuous although 1t was after that hour that tho
heaviest drive al values made and II was durine
the ast half hour that there wore any Indications OF
resistance to a further decline The market so'ed
steady at small fractions better than tie lowest hsuTe,
Of the day.
OF unsted securities dealt in at tho stock EIch2n:e
Gotten seed Oh certificates sold N,7pO a. 81 2o3o%
3O7. Western National 40 at %, and Security Milling
| apd Mining 500 at ~ jOasl 7JaSl 42i9.
Government bends quiet aud easy with the bids
off l. per cent for the Is and 2s The currency Us wcro
| firm. Annexed are the closing quotations;